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US private equity firms Blackstone and Lone Star are the final two in the race to secure the equity component for sale in the high profile RBS Project Isobel debt fund. The two firms were understood to have offered the … Continue reading
Green Street Capital is planning its first foray into asset management with the launch of a European CMBS fund to take advantage of the continued discounts available for legacy bonds in the secondary market. Equity for the open-ended unleveraged fund, … Continue reading
A shortlist of three property companies for the Lloyd’s 38-strong Flagstaff portfolio will submit second round bids tomorrow. The mixed sector portfolio, which was initially valued at £63m and comprises secondary properties across England and Wales, is expected to sell … Continue reading
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Deutsche Bank has closed the securitisation of Chiswick Park with around 20 investors and is already planning a second DECO CMBS transaction before the end of the year. It is understood that around 20 “real money” large asset management investors … Continue reading
The Commercial Real Estate Finance Council is hosting a summer evening seminar on the current landscape for European debt. Moderated by Allen & Overy partner Mark O’Neill, the panellists includes Deutsche Bank’s head of CRE European capital markets Heath Forusz, … Continue reading
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Société Générale Corporate & Investment Banking has hired former Lehman Brothers banker James Jakeman as it seeks to strengthen its London-based real estate loan origination team. Jakeman, who joins as the investment bank’s managing director and head of UK lending … Continue reading
UK property is secured by as much as £350bn of debt but new lending and refinancing can be drawn from a wider pool of lenders, according to Savills. Underpinned by Bill Maxted’s De Montford University’s (DMU) annual research that was … Continue reading
Deutsche Bank has implemented substantial changes in the servicing agreement underpinning its DECO 2011 CMBS to assuage investor concerns over the complexity of legacy workouts, refinancing risk and inter creditor conflicts. The investment bank has formalised the use of noteholder … Continue reading
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